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ESPA CASH EURO-PLUSNear money market fund in eurosStatus at 08/31/2010
Investment featuresAchievement of regular returns equalling time deposits and/or short-dated euro bonds.
ESPA CASH EURO-PLUS is a near money market fund with the objective of achieving returns from time deposits and/or short-dated euro bonds. The ESPA CASH EURO-PLUS fund invests in money market securities, money and capital market floaters and short maturity bonds in euro.
This is an advertisement. Unless otherwise noted, data source ERSTE-SPARINVEST KAG. Our languages of communication are German and English. The latest version of the Prospectus (and any changes thereto) has been published in the “Amtsblatt zur Wiener Zeitung”, in accordance with the provisions of the Austrian Investmentfondsgesetz [Investment Funds Act]. Copies are available free of charge to interested parties at the registered offices of both ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. and Erste Group Bank AG (the custody bank). The most recent publication date and details of any other collection offices are published on the ERSTE-SPARINVEST KAG website (www.sparinvest.com). This document serves to provide additional information to our investors and reflects the knowledge of its authors at the time of going to press. Our analyses and conclusions are of a general nature and do not take into account the personal needs of our investors in terms of income, fiscal situation or attitude to risk. It should be noted that past performance is not a reliable indicator of the future performance of a fund.
Fund key data
Dividend15.12.
Base currencyEUR
Fund volume691,425,608.58
Fund accounting year16.11. to 15.11.
Day of first issue04/17/1979
Sales authorisationAT,DE,HU,IT,SK
Management fee0.24 % p.a.
Recommended holding periodI
Investor experienceA - B
Investor risk tolerance2
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000858105 EUR73.070.75%
T.AT0000812979 EUR102.650.75%
T.C.AT0000858113 EUR102.650.75%
VT.AT0000673355 EUR109.260.75%
VT.AT0000639448 CZK2,712.680.75%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 08/31/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
CZK0.540.03-0.51 -4.31-1.03
EUR2.803.673.053.541.575.70
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 2.12 1.88 3.40 2.95 5.46
Statistical data according to OeKB (3 years)
Sharpe ratio1.37
Volatility (in %)0.93
Benefits for investorHigh level of security by choosing issuers with a good credit rating on average.
The fund's performance is stable and shows only low price volatility.
Active duration steering in the near-money market segment.
Price gains are possible if interest rates are falling.
Please note- Rising interest rates may lead to short-term falls in price
- Prices of corporate and government bonds are affected by the credit risk, too
- The rating of governments bond can be subjected to changes
- Recommended holding period is at least 1-3 years
Top positions
SecurityShare of fund assets
ESPA BOND EURO-MIDTERM_A4.76%
RZB OESTER. 06/11 MTN FLR3.81%
UNICR.BK AUS. 04/11FLRMTN3.59%
ESPA BD GLOBAL-ALP.T3.26%
ERSTE GROUP BANK 06/10MTNFLR2.99%
Fund ratios*
Average securities return1.70%
Average time to maturity2.25 Years
Duration1.18 Years
Mod. Duration1.16%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 04/30/1979 and 08/31/2010
Min / Max performance
From adjusted net asset values between 04/17/1979 and 08/31/2010
Minimumin % p.a.Maximum
Rating